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NXT vs. SPUU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NXT and SPUU is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

NXT vs. SPUU

Last updated Jun 1, 2025

Compare and contrast key facts about Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).

SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NXT or SPUU.

Performance

NXT vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NXT:

0.00

SPUU:

0.47

Sortino Ratio

NXT:

0.59

SPUU:

0.80

Omega Ratio

NXT:

1.06

SPUU:

1.12

Calmar Ratio

NXT:

0.05

SPUU:

0.42

Martin Ratio

NXT:

0.08

SPUU:

1.45

Ulcer Index

NXT:

31.05%

SPUU:

10.30%

Daily Std Dev

NXT:

62.41%

SPUU:

38.88%

Max Drawdown

NXT:

-48.61%

SPUU:

-59.35%

Current Drawdown

NXT:

-7.96%

SPUU:

-10.83%

Returns By Period

In the year-to-date period, NXT achieves a 55.19% return, which is significantly higher than SPUU's -3.42% return.

NXT

YTD

55.19%

1M

35.40%

6M

48.56%

1Y

2.76%

3Y*

N/A

5Y*

N/A

10Y*

N/A

SPUU

YTD

-3.42%

1M

10.79%

6M

-8.81%

1Y

16.16%

3Y*

19.53%

5Y*

24.98%

10Y*

18.76%

*Annualized

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Nextracker Inc

Direxion Daily S&P 500 Bull 2x Shares

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

NXT vs. SPUU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NXT
The Risk-Adjusted Performance Rank of NXT is 5252
Overall Rank
The Sharpe Ratio Rank of NXT is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of NXT is 5353
Sortino Ratio Rank
The Omega Ratio Rank of NXT is 5050
Omega Ratio Rank
The Calmar Ratio Rank of NXT is 5353
Calmar Ratio Rank
The Martin Ratio Rank of NXT is 5151
Martin Ratio Rank
SPUU
The Risk-Adjusted Performance Rank of SPUU is 4444
Overall Rank
The Sharpe Ratio Rank of SPUU is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of SPUU is 4444
Sortino Ratio Rank
The Omega Ratio Rank of SPUU is 4646
Omega Ratio Rank
The Calmar Ratio Rank of SPUU is 4646
Calmar Ratio Rank
The Martin Ratio Rank of SPUU is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NXT vs. SPUU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nextracker Inc (NXT) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

The current NXT Sharpe Ratio is 0.00, which is lower than the SPUU Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of NXT and SPUU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

NXT vs. SPUU - Dividend Comparison

NXT has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 0.64%.

TTM2024202320222021202020192018201720162015
NXT
Nextracker Inc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPUU
Direxion Daily S&P 500 Bull 2x Shares		0.64%0.55%0.83%0.88%3.04%8.03%1.80%5.50%6.96%8.08%1.26%

Drawdowns

NXT vs. SPUU - Drawdown Comparison

The maximum NXT drawdown since its inception was -48.61%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NXT and SPUU.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

NXT vs. SPUU - Volatility Comparison

Nextracker Inc (NXT) has a higher volatility of 17.42% compared to Direxion Daily S&P 500 Bull 2x Shares (SPUU) at 9.47%. This indicates that NXT's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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